dixie

Wachovia Sale to Wells Fargo Is a Better Deal for the U.S. Banking System

The FDIC continues to unnecessarily meddle with the financial market. First it was with Washington Mutual by gifting it to JPM Chase, now it seeks to give Wachovia to Citibank over the objections of taxpayer and Wachovia shareholder interest.

What gives with the FDIC? Is it the pawn of Paulson, the Federal Reserve, or just who?